49-43-21 Warehouseman prohibited from denying title of receipt holder.
Warehouseman prohibited from denying title of receipt holder.
No person doing
a grain warehouse business having issued a receipt for the storage of grain as in this chapter
provided, may thereafter be permitted to deny that the grain represented by the receipt is the property
of the person to whom such receipt was issued or his assigns. Such receipts shall be considered so
far as the duties, liabilities, and obligations of such warehouseman are concerned, conclusive
evidence of the fact that the person to whom the receipt was issued, or his assigns, is the owner of
such grain and is the person entitled to make surrender of such receipt and receive the grain thereby
promised to be delivered.
Source: SDC 1939, § 60.0318; SL 1985, ch 376, § 41.